Existing investors like Accel, Sequoia, Chiratae and others may lead first round. Bengaluru: Scooter sharing app Bounce plans to raise $30 million exclusively for its electric vehicles subsidiary Zuink Smart Mobility Solutions, and has received in-principle board approval for the same, two people aware of the developments told ET. Existing investors including Accel Partners, Sequoia […]
Renewable Energy Groups Urge Congress to Support Clean Energy Innovation Funding in FY 2020 Budget
Washington, D.C.: Today, the American Council on Renewable Energy, the American Wind Energy Association, the Biomass Power Association, the Energy Storage Association, the Geothermal Resources Council, the National Hydropower Association and the Solar Energy Industries Association sent a joint letter to Congress urging consistent funding for energy innovation in the Department of Energy’s FY 2020 […]
New York’s latest Innovation Challenge targets long duration energy storage startups
The development of systems capable of storing over six hours of energy economically is being supported in New York with an Innovation Challenge launched by the New York Power Authority (NYPA) and Urban Future Lab, a cleantech innovation centre. Also aimed at supporting promising new technologies and business models for electric vehicles (EVs) and their […]
Australian Energy Market Operator opens virtual power plant integration trial
The capabilities of virtual power plants (VPPs) to provide capacity as well as frequency regulation services to the grid in Australia will be demonstrated through a new integration trial. The Australian Energy Market Operator (AEMO), is running the 12 to 18-month trial, with funding of AU$2.46 million (US$1.75 million) through the national renewables agency ARENA, […]